PRESS DIGEST- New York Times business news - April 1

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PRESS DIGEST- New York Times business news - April 1

, Reuters - 1:42 AM ET 4/1/2025 default

April 1 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- OpenAI said on Monday that it had completed a $40 billion fund-raising deal to advance AI research, expand computational infrastructure and enhance its tools.

- Hut 8 ( HUT ) said it had joined hands with US President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin.

- A U.S. bankruptcy judge on Monday rejected Johnson & Johnson's ( JNJ ) $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company's bankruptcy strategy has failed in court.

- Google-backed Isomorphic Labs, which uses artificial intelligence technologies for drug discovery, has raised $600 million in its first ever external funding round led by Thrive Capital, the startup said on Monday.

(Compiled by Bengaluru newsroom)

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